Housing starts move up in March



    OTTAWA, April 8 /CNW Telbec/ - The seasonally adjusted annual rate(1) of
housing starts increased to 154,700 units in March from 136,100 units in
February, according to Canada Mortgage and Housing Corporation (CMHC).
    "Higher multiple starts in Ontario and Quebec were the main contributors
to the rise in new construction activity in March," said Bob Dugan, Chief
Economist at CMHC's Market Analysis Centre. "While the multiples segment
experienced the largest increase, the overall boost in starts was broad based,
encompassing the singles segment as well."
    The seasonally adjusted annual rate of urban starts increased 17 per cent
to 127,900 units in March. Urban multiple starts increased 28.3 per cent to
81,500 units, while urban single starts moved up by 1.3 per cent to 46,400
units in March.
    March's seasonally adjusted annual rate of urban starts increased by 35
per cent in Ontario and by 23.3 per cent in Quebec. Urban starts declined by
17.3 per cent in British Columbia, by 7.9 per cent in Atlantic Canada, and by
7.5 per cent in the Prairies.
    Rural starts were estimated at a seasonally adjusted annual rate of
26,800 units in March(2).
    New home construction is now at a more sustainable level after having
been exceptionally strong over the past 7 years, exceeding 200,000 units per
year.
    As Canada's national housing agency, CMHC draws on more than 60 years of
experience to help Canadians access a variety of quality, environmentally
sustainable, and affordable homes - homes that will continue to create vibrant
and healthy communities and cities across the country.

    
    ----------------------
    (1) All starts figures in this release, other than actual starts, are
        seasonally adjusted annual rates (SAAR) - that is, monthly figures
        adjusted to remove normal seasonal variation and multiplied by 12 to
        reflect annual levels.
    (2) CMHC estimates the level of rural starts for each of the three months
        of the quarter, at the beginning of each quarter. During the last
        month of the quarter, CMHC conducts the survey in rural areas and
        revises the estimate.

    For more information, visit www.cmhc.ca or call 1-800-668-2642.

    This release is also available on the CMHC Web site:
    http://www.cmhc-schl.gc.ca

    (Ce document existe également en français)

    Please click below to view the Housing Starts in Canada - All areas chart
    http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2009/2009-04-08-0815.cfm




                     Housing Starts, Actual and SAAR(*)
    -------------------------------------------------------------------------
                                    Actual                      SAAR
                               ----------------------------------------------
                                March        March     February        March
                                 2008         2009         2008         2009
    -------------------------------------------------------------------------
                                Final  Preliminary        Final  Preliminary
    -------------------------------------------------------------------------
    Canada, all areas          16,423        9,728      136,100      154,700
      Canada, rural areas         807        1,099       26,800       26,800
      Canada, urban
       centres(xx)             15,616        8,629      109,300      127,900
        Canada, singles,
         urban centres          4,749        2,566       45,800       46,400
        Canada, multiples,
         urban centres         10,867        6,063       63,500       81,500

        Atlantic region,
         urban centres            522          244        8,800        8,100
        Quebec, urban centres   2,968        2,561       28,700       35,400
        Ontario, urban
         centres                4,987        4,113       45,100       60,900
        Prairie region, urban
         centres                4,768          967       14,600       13,500
        British Columbia,
         urban centres          2,371          744       12,100       10,000
    -------------------------------------------------------------------------
    Source: CMHC

     (*) Seasonally adjusted annual rates
    (xx) Urban centres with a population of 10,000 and over.
         Detailed data available upon request.
    




For further information:

For further information: Kristen Scheel, CMHC Media Relations, (613)
748-2799, Cell: (613) 316-2949, kscheel@cmhc-schl.gc.ca; For regional starts
information contact: Atlantic provinces: Matthew Gilmore, CMHC, (902)
426-4686, mgilmore@cmhc-schl.gc.ca, Quebec: Kevin Hughes, CMHC, (514)
283-4488, khughes@cmhc-schl.gc.ca; Ontario: Ted Tsiakopoulos, CMHC, (416)
218-3407, ttsiakop@cmhc-schl.gc.ca; Prairie provinces: Richard Corriveau,
CMHC, (403) 515-3005, rcorrive@cmhc-schl.gc.ca; British Columbia: Carol
Frketich, CMHC, (604) 737-4067, cfrketic@cmhc-schl.gc.ca


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